A mutual fund portfolio for retirement, kid's education

I am a 39-year-old aggressive investor. I am investing for my children’s education and my retirement. My investment horizon is 15 to 20 years. Please review my portfolio. Should I make any changes to my mutual fund portfolio?

ABSL Frontline Equity Fund (G): Rs 2,000
DSP BlackRock Small Cap Fund- Regular (G): Rs 2,500
Franklin India Prima Plus Fund (G): Rs 2,000
HDFC Mid-Cap Opportunities Fund - Regular (G): Rs 2,000
ICICI Prudential Value Discovery Fund (G): 2,500
Kotak Select Focus Fund (G): Rs 2,500
L&T India Value Fund (G): Rs 3,000
SBI Bluechip Fund - Regular (G): Rs 3,000

I am investing Rs 22,000 in total.

-- Kiran Renukaradhya

Rishabh Parakh, founder, Money Plant Consultancy, responds:

Your total investments is not Rs 22,000 but Rs 19,500. You haven’t mentioned your or your kids’ age, and when you want to retire. So, I am making a few suggestions based on lots of assumptions.

You can reduce the number of mutual fund schemes in your portfolio to five or six. Your existing portfolio is a mix of largecap, midcap, smallcap, and multicap funds. So, you have invested in all the main categories.


Since you are an aggressive investor, you can change Franklin India Prima Plus (now called Franklin India Equity Fund) to Franklin India Focused Equity Fund, L&T India Value Fund to L&T Midcap Fund and SBI Bluechip Fund to SBI Magnum Multicap Fund. This will make your portfolio an aggressive one, which will work in the long run.